NFJ Investment Group LLC Invests $3.42 Million in Polaris Inc. $PII

NFJ Investment Group LLC bought a new stake in Polaris Inc. (NYSE:PII) in the 2nd quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The institutional investor bought 50,034 shares of the company’s stock, valued at approximately $3,424,000. NFJ Investment Group LLC owned 0.09% of Polaris at the end of the most recent quarter.

A number of other large investors have also added to or reduced their stakes in PII. Kemnay Advisory Services Inc. acquired a new position in Polaris in the 4th quarter worth $27,000. Danske Bank A S grew its stake in shares of Polaris by 150.0% during the fourth quarter. Danske Bank A S now owns 500 shares of the company’s stock valued at $32,000 after acquiring an additional 300 shares in the last quarter. Elevation Wealth Partners LLC grew its stake in shares of Polaris by 471.0% during the second quarter. Elevation Wealth Partners LLC now owns 571 shares of the company’s stock valued at $39,000 after acquiring an additional 471 shares in the last quarter. Mirae Asset Global Investments Co. Ltd. purchased a new stake in shares of Polaris during the fourth quarter worth about $40,000. Finally, Bard Associates Inc. purchased a new stake in shares of Polaris during the fourth quarter worth about $46,000. 88.06% of the stock is owned by institutional investors and hedge funds.

Polaris Stock Performance

Shares of Polaris stock opened at $64.14 on Friday. The firm has a market cap of $3.65 billion, a PE ratio of -13.85 and a beta of 1.26. The firm’s 50-day simple moving average is $69.43 and its 200-day simple moving average is $64.27. The company has a debt-to-equity ratio of 2.28, a quick ratio of 0.47 and a current ratio of 1.20. Polaris Inc. has a 1 year low of $47.14 and a 1 year high of $77.98.

Polaris (NYSE:PII) last issued its quarterly earnings results on Tuesday, July 28th. The company reported $1.97 EPS for the quarter, topping the consensus estimate of $0.76 by $1.21. The business had revenue of $2.02 billion for the quarter, compared to analysts’ expectations of $1.95 billion. Polaris had a negative net margin of 3.50% and a positive return on equity of 16.77%. The company’s quarterly revenue was up 9.2% compared to the same quarter last year. During the same quarter last year, the company posted ($1.39) earnings per share. Polaris has set its FY 2026 guidance at 3.000-3.100 EPS. Equities analysts forecast that Polaris Inc. will post 3.22 earnings per share for the current fiscal year.

Polaris Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Tuesday, September 15th. Shareholders of record on Tuesday, September 1st will be issued a dividend of $0.68 per share. This represents a $2.72 dividend on an annualized basis and a yield of 4.2%. The ex-dividend date of this dividend is Tuesday, September 1st. Polaris’s dividend payout ratio (DPR) is currently -58.75%.

Wall Street Analysts Forecast Growth

Several research firms recently commented on PII. Morgan Stanley cut their price target on Polaris from $74.00 to $69.00 and set an “equal weight” rating on the stock in a research note on Tuesday, May 19th. Bank of America restated a “neutral” rating on shares of Polaris in a research note on Wednesday, July 29th. KeyCorp reaffirmed a “sector weight” rating on shares of Polaris in a research report on Wednesday, July 29th. Citigroup upped their target price on Polaris from $70.00 to $73.00 and gave the company a “neutral” rating in a research report on Thursday, July 30th. Finally, Royal Bank Of Canada increased their target price on Polaris from $65.00 to $75.00 and gave the company a “sector perform” rating in a research note on Wednesday, July 29th. One investment analyst has rated the stock with a Strong Buy rating, one has given a Buy rating, eleven have assigned a Hold rating and one has issued a Sell rating to the company’s stock. Based on data from MarketBeat.com, the stock currently has a consensus rating of “Hold” and a consensus target price of $67.00.

Polaris Profile

Polaris Inc, founded in 1954 and headquartered in Medina, Minnesota, is a diversified manufacturer of powersports vehicles and related products. Initially gaining prominence with its snowmobiles, Polaris expanded its portfolio over the decades to include all-terrain vehicles (ATVs), side-by-side off-road vehicles, and motorcycles. The company’s legacy in recreational and utility vehicle innovation stems from early engineering breakthroughs that established Polaris as a leading name in off-road mobility.

Today, Polaris offers a broad range of products under well-known brands such as Polaris RANGER and POLARIS SPORTSMAN for utility and recreation markets, Slingshot three-wheel roadsters for on-road enthusiasts, and the Indian Motorcycle brand for premium two-wheeled touring and cruiser segments.